0322 GMT - Futu Holdings stands to benefit from its "self reinforcing" ecosystem, Daiwa Capital Markets analysts say in a research report. The ecosystem centers on users and offers connectivity to different stakeholders such as enterprises, they note. The ecosystem can increase user engagement and social connectivity, thereby boosting user conversion and monetization, they add. The Chinese technology company provides fully digitized brokerage and wealth-management platforms backed by its licenses, broadening product suites, strong bank relationships and technological advantages. Daiwa initiates coverage of Futu's American depositary receipts with a buy rating and a target price of $190.00. The company's ADRs closed 0.9% lower at $159.50 on Monday. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 11, 2025 23:22 ET (03:22 GMT)
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